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Property profile & analytics
OFF-MARKET
Estimated value
$1,855,000
Retail space
62 State Rte Rte Wartburg, TN 37887
Individually Owned
3-yr Hold
Free & Clear
Property ID
US80-2615710
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
2,448 SF
Lot
0.33 ac (14,375 SF)
Zoning code
B-2
APN
065096M B 00900
UPID
US80-2615710
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.86M
Owner & transaction history
Derek Bryan Sells · 3 yrs held
Derek Bryan Sells
since 2023
Last sale
$2.0M
3 recorded transactions
Zoning & alternative use
B-2 · Wartburg, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the intent of this district to establish commercial areas that encourage the grouping of compatible commercial uses, reduce. traffic congestion, and maintain the aesthetic characteristics of the community.
Zone name
Business 2
General category
COMMERCIAL
Zone area
129.21 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wartburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wartburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,735,000
ML approach
$1,795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.86M
Range $1.67M – $2.04M · ±10% · vs last sale $1.95M (Apr 10 2023)
Last sale anchor
$1.95M
Apr 10 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$758 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$755
Tax year 2022
Assessed value
$27,775
Assessed 2023
Previous assessed
$27,775
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$16,575
Assessed improvement
$11,200
Land market value
$66,300
Improvement market value
$44,800
Total market value
$111,100
Applied tax rate
65.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Heating
RADIANT
Stories
1
Units
1
Bathrooms
0
Total area
2,448 SF
Lot
0.33 ac (14,375 SF)
Zoning code
B-2
APN
065096M B 00900
UPID
US80-2615710
Jurisdiction
MORGAN
Zoning & alternative use
B-2 · Wartburg, TNZoning B-2 · permitted uses
B-2 · Wartburg, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the intent of this district to establish commercial areas that encourage the grouping of compatible commercial uses, reduce. traffic congestion, and maintain the aesthetic characteristics of the community.
Zone name
Business 2
General category
COMMERCIAL
Zone area
129.21 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1965
Heating
RADIANT
Stories
1
Units
1
Bathrooms
0
Lot
0.33 ac
Current owner
From public records · entity-resolved
Derek Bryan Sells
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 62, GRIMSLEY, TN 38565-0062
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2023
$120,000
Derek Bryan Sells
Kevin C Raymond
Warranty Deed
—
Nov 7, 2012
$60,000
Kevin C Raymond
Steve Hopper
Warranty Deed
$61,629 · Citizens 1st Bank
Dec 27, 1991
$20,000
Steve D Hopper
Unknown
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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